Assembly Bill A4624

2023-2024 Legislative Session

Establishes the joint insurance fund

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2023-A4624 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add Art 81 §8101, Ins L
Versions Introduced in 2021-2022 Legislative Session:
A8660

2023-A4624 (ACTIVE) - Summary

Provides that the governing body of municipal corporation, may by resolution agree to join together with any municipal corporation or corporations to establish a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation, insuring against loss or theft of moneys or securities, providing blanket bond coverage of certain county or municipal officers and employees for faithful performance and discharge of their duties under the public officers' law, insuring against bodily injury and property damage claims arising from environmental impairment liability and legal representation therefor to the extent that such coverages; makes related provisions.

2023-A4624 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4624
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 21, 2023
                                ___________
 
 Introduced  by M. of A. MCGOWAN -- read once and referred to the Commit-
   tee on Insurance
 
 AN ACT to amend the insurance law, in relation  to  creating  the  joint
   insurance fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The insurance law is amended by adding a new article 81  to
 read as follows:
                                ARTICLE 81
                           JOINT INSURANCE FUND
 SECTION 8101. JOINT INSURANCE FUND.
   § 8101. JOINT  INSURANCE  FUND.  (A)  THE  GOVERNING BODY OF MUNICIPAL
 CORPORATION, MAY BY RESOLUTION AGREE TO JOIN TOGETHER WITH ANY MUNICIPAL
 CORPORATION OR CORPORATIONS TO ESTABLISH A JOINT INSURANCE FUND FOR  THE
 PURPOSE  OF  INSURING  AGAINST  LIABILITY, PROPERTY DAMAGE, AND WORKERS'
 COMPENSATION, INSURING AGAINST LOSS OR THEFT OF  MONEYS  OR  SECURITIES,
 PROVIDING  BLANKET BOND COVERAGE OF CERTAIN COUNTY OR MUNICIPAL OFFICERS
 AND EMPLOYEES FOR FAITHFUL PERFORMANCE AND  DISCHARGE  OF  THEIR  DUTIES
 UNDER THE PUBLIC OFFICERS' LAW, INSURING AGAINST BODILY INJURY AND PROP-
 ERTY  DAMAGE  CLAIMS ARISING FROM ENVIRONMENTAL IMPAIRMENT LIABILITY AND
 LEGAL REPRESENTATION THEREFOR TO THE  EXTENT  THAT  SUCH  COVERAGES,  AS
 APPROVED  BY  THE SUPERINTENDENT, ARE PROVIDED BY THE PURCHASE OF INSUR-
 ANCE AND NO RISK IS RETAINED BY  THE  FUND,  PROVIDING  CONTRIBUTORY  OR
 NON-CONTRIBUTORY GROUP HEALTH INSURANCE OR GROUP TERM LIFE INSURANCE, OR
 BOTH,  TO EMPLOYEES OR THEIR DEPENDENTS OR BOTH, THROUGH SELF INSURANCE,
 THE PURCHASE OF COMMERCIAL INSURANCE OR REINSURANCE, OR ANY  COMBINATION
 THEREOF,  AND  INSURING  AGAINST ANY LOSS FROM LIABILITY ASSOCIATED WITH
 SICK LEAVE PAYMENT FOR SERVICE CONNECTED DISABILITY, AND MAY APPROPRIATE
 SUCH MONEYS AS ARE REQUIRED THEREFOR. THE MAXIMUM RISK  TO  BE  RETAINED
 FOR  GROUP  TERM  LIFE INSURANCE BY A JOINT INSURANCE FUND ON A SELF-IN-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09388-01-3
 A. 4624                             2

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.